To 401k or Not to 401k

[Sam Giberti]

I’m going to keep this short because I’m at work. I will either graduate from UT with in MBA or work for a RE company after full time after my first year of college. Depending on whether or not I think it is worth the buck. Anyway regardless, somwhere along the line I will have to make a choice as to whether or not to put money into a 401k.

If I were to do so, it would most likely be a Solo 401k, and if regular 401k. I would eventually borrow from it to buy RE.

My question is: is it more beneficial to take the Company Match 401k plan and borrow from it later on. Or trust that I will get very wealthy through re, which I am a firm believer I will, and use the capital to invest in RE now, instead of tying it up for X amount of years, like so many Americans do. I think having someone else manage your investing is personally not a good move. But I wanna hear what you guys think!!

Thanks BP

Sam

[Jason G.]

Originally posted by @Sam Giberti:

I’m going to keep this short because I’m at work. I will either graduate from UT with in MBA or work for a RE company after full time after my first year of college. Depending on whether or not I think it is worth the buck. Anyway regardless, somwhere along the line I will have to make a choice as to whether or not to put money into a 401k.

If I were to do so, it would most likely be a Solo 401k, and if regular 401k. I would eventually borrow from it to buy RE.

My question is: is it more beneficial to take the Company Match 401k plan and borrow from it later on. Or trust that I will get very wealthy through re, which I am a firm believer I will, and use the capital to invest in RE now, instead of tying it up for X amount of years, like so many Americans do. I think having someone else manage your investing is personally not a good move. But I wanna hear what you guys think!!

Thanks BP

Sam

If the company offers matching, at the very least contribute up to the amount they match.